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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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Housing Prices Double Dip; Hitting New Post-Crash Lows
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Housing Prices Double Dip; Hitting New Post-Crash Lows
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Housing Prices Double Dip; Hitting New Post-Crash Lows

May 9, 2011 (Brian Moore)

Home prices double dipped in April 2011 as home prices dropped nationally 0.7 percent below the prior lows experienced in March 2009 according to the latest Home Data Index (HDI) Market Report released by housing data firm Clear Capital.

Nationally, quarterly home prices have declined 4.9 percent, while year-over-year prices have decreased 5.0 percent. Over the last nine months, home prices have fallen 11.5 percent, a rate of decline not seen since 2008. All the Metropolitan Statistical Areas (MSA) suffered quarter-over-quarter price declines.

REO saturation rates continued to steadily climb, reaching 34.5 percent of all sales, the ninth consecutive month that REO sales have increased.

“The latest data through April shows a continued increase in the proportion of distressed sales that are taking hold in markets nationwide,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “With more than one-third of national home sales being REO, market prices are being weighed down as many markets have not regained enough footing to withstand the strain of the high proportion of REO sales.”

Of the four regions, only the Midwest has yet to double dip. Citing the effects of the increased distressed sales activity, Clear Capital declared last month that the Western region was the first to double dip, followed by the South and Northeast this month for the same reason.

All quarterly price changes in the top 15 major markets slid into negative territory as REO saturation climbed among 11 of the 15 of the highest performing markets (led by the 53.7% rate in Las Vegas). Year-over-year price changes in 13 of the 15 markets slid into negative territory.

The MSA’s with the worse quarter-over-quarter price declines were Detroit-Warren-Livonia, Michigan (-13.4%), Hartford-West Hartford-East Hartford, Connecticut (-12.8%), Milwaukee-Waukesha-West Allis, Wisconsin (-12.6%), Cleveland-Elyria-Mentor, Ohio (-11.2%), and Chicago-Naperville-Joliet, Illinois (-9.7%). Seven of the lowest performing MSA’s are from the Midwest with Detroit remaining the worst performing market for the fourth consecutive month.

The highest performing MSA’s were Charlotte-Gastonia-Concord, North Carolina (-1.4%), Washington DC-Arlington-Alexandra, Virginia (-1.6%), Tucson, Arizona (-1.7%), Dallas-Fort Worth-Arlington, Texas (-1.7%), and Philadelphia PA-Camden NJ-Wilmington DE (-2.2%).

Clear Capital remains hopeful of a spring home sales revival following the new lows in home prices this past winter but remains cautious as they note that this will be the first year since 2008 that the home buying season is not accompanied by some type of homebuyer tax assistance program and the last time that happened, home prices fell sharply.

You can read the report in its entirety on Clear Capitals website.

Tags: Clear Capital, Home Data Index, HDI, Market Report, price declines, double dip, REO saturation rates, distressed sales, homebuyer assistance program, housing prices

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 9, 2011 (Brian Moore)

Home prices double dipped in April 2011 as home prices dropped nationally 0.7 percent below the prior lows experienced in March 2009 according to the latest Home Data Index (HDI) Market Report released by housing data firm Clear Capital.

Nationally, quarterly home prices have declined 4.9 percent, while year-over-year prices have decreased 5.0 percent. Over the last nine months, home prices have fallen 11.5 percent, a rate of decline not seen since 2008. All the Metropolitan Statistical Areas (MSA) suffered quarter-over-quarter price declines.

REO saturation rates continued to steadily climb, reaching 34.5 percent of all sales, the ninth consecutive month that REO sales have increased.

“The latest data through April shows a continued increase in the proportion of distressed sales that are taking hold in markets nationwide,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “With more than one-third of national home sales being REO, market prices are being weighed down as many markets have not regained enough footing to withstand the strain of the high proportion of REO sales.”

Of the four regions, only the Midwest has yet to double dip. Citing the effects of the increased distressed sales activity, Clear Capital declared last month that the Western region was the first to double dip, followed by the South and Northeast this month for the same reason.

All quarterly price changes in the top 15 major markets slid into negative territory as REO saturation climbed among 11 of the 15 of the highest performing markets (led by the 53.7% rate in Las Vegas). Year-over-year price changes in 13 of the 15 markets slid into negative territory.

The MSA’s with the worse quarter-over-quarter price declines were Detroit-Warren-Livonia, Michigan (-13.4%), Hartford-West Hartford-East Hartford, Connecticut (-12.8%), Milwaukee-Waukesha-West Allis, Wisconsin (-12.6%), Cleveland-Elyria-Mentor, Ohio (-11.2%), and Chicago-Naperville-Joliet, Illinois (-9.7%). Seven of the lowest performing MSA’s are from the Midwest with Detroit remaining the worst performing market for the fourth consecutive month.

The highest performing MSA’s were Charlotte-Gastonia-Concord, North Carolina (-1.4%), Washington DC-Arlington-Alexandra, Virginia (-1.6%), Tucson, Arizona (-1.7%), Dallas-Fort Worth-Arlington, Texas (-1.7%), and Philadelphia PA-Camden NJ-Wilmington DE (-2.2%).

Clear Capital remains hopeful of a spring home sales revival following the new lows in home prices this past winter but remains cautious as they note that this will be the first year since 2008 that the home buying season is not accompanied by some type of homebuyer tax assistance program and the last time that happened, home prices fell sharply.

You can read the report in its entirety on Clear Capitals website.

Tags: Clear Capital, Home Data Index, HDI, Market Report, price declines, double dip, REO saturation rates, distressed sales, homebuyer assistance program, housing prices

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

May 9, 2011 (Brian Moore)

Home prices double dipped in April 2011 as home prices dropped nationally 0.7 percent below the prior lows experienced in March 2009 according to the latest Home Data Index (HDI) Market Report released by housing data firm Clear Capital.

Nationally, quarterly home prices have declined 4.9 percent, while year-over-year prices have decreased 5.0 percent. Over the last nine months, home prices have fallen 11.5 percent, a rate of decline not seen since 2008. All the Metropolitan Statistical Areas (MSA) suffered quarter-over-quarter price declines.

REO saturation rates continued to steadily climb, reaching 34.5 percent of all sales, the ninth consecutive month that REO sales have increased.

“The latest data through April shows a continued increase in the proportion of distressed sales that are taking hold in markets nationwide,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “With more than one-third of national home sales being REO, market prices are being weighed down as many markets have not regained enough footing to withstand the strain of the high proportion of REO sales.”

Of the four regions, only the Midwest has yet to double dip. Citing the effects of the increased distressed sales activity, Clear Capital declared last month that the Western region was the first to double dip, followed by the South and Northeast this month for the same reason.

All quarterly price changes in the top 15 major markets slid into negative territory as REO saturation climbed among 11 of the 15 of the highest performing markets (led by the 53.7% rate in Las Vegas). Year-over-year price changes in 13 of the 15 markets slid into negative territory.

The MSA’s with the worse quarter-over-quarter price declines were Detroit-Warren-Livonia, Michigan (-13.4%), Hartford-West Hartford-East Hartford, Connecticut (-12.8%), Milwaukee-Waukesha-West Allis, Wisconsin (-12.6%), Cleveland-Elyria-Mentor, Ohio (-11.2%), and Chicago-Naperville-Joliet, Illinois (-9.7%). Seven of the lowest performing MSA’s are from the Midwest with Detroit remaining the worst performing market for the fourth consecutive month.

The highest performing MSA’s were Charlotte-Gastonia-Concord, North Carolina (-1.4%), Washington DC-Arlington-Alexandra, Virginia (-1.6%), Tucson, Arizona (-1.7%), Dallas-Fort Worth-Arlington, Texas (-1.7%), and Philadelphia PA-Camden NJ-Wilmington DE (-2.2%).

Clear Capital remains hopeful of a spring home sales revival following the new lows in home prices this past winter but remains cautious as they note that this will be the first year since 2008 that the home buying season is not accompanied by some type of homebuyer tax assistance program and the last time that happened, home prices fell sharply.

You can read the report in its entirety on Clear Capitals website.

Tags: Clear Capital, Home Data Index, HDI, Market Report, price declines, double dip, REO saturation rates, distressed sales, homebuyer assistance program, housing prices

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS